The mistakes that we need to avoid during the holidays

How many of you are so excited about the holidays? I can sense the
energy that's a little bit laid back and scattered from everybody,
including myself. There's a lot of stimulation going on, so I would
like to talk about the mistakes we need to avoid during this
holiday season. 1. Health Many of us, during the holidays, would
tell ourselves, "It's the holidays, I'm gonna eat everything I
want, drink everything I want, and stop working out for now", "I
would start eating healthy in 2021" and completely let go. I want
you to think about last Christmas when you said the same thing to
yourself and go back to how long it took for you to pick up your
momentum. Momentum is very hard to build but very easy to lose,
just like muscles. I am very grateful that I have an accountability
coach. Here's what I did - I still work out, however, because of
the holidays my mind is focused on the fun and pleasure, so I
couldn't do a lot of intense workouts. I do not want to completely
drop the habit, so we adjusted the intensity and reduced the
frequency of my workouts. I still work out so I keep the momentum
and keep my healthy habits. Don't lose the momentum you have built
for yourself. Don't wait until January 1st to write down your 2021
goals. At that point, it's already pretty late. I'm a big believer
in health. I am a big advocate of having a healthy lifestyle
because I have seen so many people who have lots of wealth, but not
a healthy body. Set health as a priority for yourself in
2021.Without a healthy body or enough energy, how do we show up for
our business, family, friends, or our community? 2. Excessive
Spending During the holiday season, people keep buying everything
they see. I'm not against consuming. I'm not an advocate of living
within your means and I always encourage people to have a
lifestyle, however, that's on the foundation of you taking care of
your personal investments and finances. Before 2021 comes, I have a
session with my husband. We sit down and we look at our overall
financial picture for 2021. We project how much money will be
coming in, how much we can set aside, and how much our expenses
will be. We have a big picture of the financial goal we want to
achieve, including the family vacation we want to have. We still
have fun, but we also want to take care of our foundation, which is
our retirement and investments. We project how much money is coming
in and I set aside the portion that I want to invest in 2021, and
the rest is for our lifestyle. You can have everything. You just
need to be prepared. You need to plan and always pay yourself
first. Investment is your number one priority because if you don't,
how will you build passive income by the time you retire? Money
takes consistent compounding. During this beautiful holiday season,
while we're spending and buying gifts for our family, don't forget
to plan for 2021 finances too.3. Mismanaging Your Finances A lot of
people do not know how much money comes in and how much comes out.
Personally, I wrapped up my income and expenses for the whole year
of 2020 so that I can have an idea about how much I spend on
different categories such as food, mortgage, car, shopping,
vacation, etc. This way, I get an idea and I can adjust my spending
habits. You get to have some clarity on your finances and you are
not kept in the dark. Before 2020 ends, sit down and take a look at
your finances. See where you spend a lot of money, and adjust that
to build smarter spending habits. I hope all of you have an amazing
holiday and that you get to connect with your friends and family. I
hope you all enjoy it and you get to rejuvenate yourself and be
prepared so we can walk into 2021 with energy, focus, and a lot of
mental clarity!